With the aim of making money transfers abroad faster, cheaper and easier for the Filipinos, cryptographic exchange currencies of local license.
What is the Circle Payments network?
He Circle payments It is a new Group Internet platform that is designed to enable cross -border payments in real time using stable regulated as USDC and $ EURC. The network is expected to debut in a limited capacity in May 2025.
According to Circle, CPN is considered to connect financial institutions, such as banks, neo-branches, payment service providers, virtual asset service providers and digital wallets.
The firm also stressed that CPN is built to optimize the complex cross -border payment system by offering faster, more transparent and programmable money transfers. Using the aforementioned regulated stablocins, the platform connects to local real -time payment systems while complying with strict compliance and safety standards.
“CPN is a significant step to make this vision a reality for companies around the world.”
Jeremy Allaire, co -founder, President and Executive Director, Circle
In addition, it was observed that CPN admits several cases of use, including remittances, payroll, suppliers and finance payments in the chain, and allows developers to build personalized financial tools through intelligent contracts and API.
Coins.ph in CPN
In a press release, Coins.PH expressed pride of being the only Philippine platform chosen as a design partner for the project, adding that the participation of local exchange shows its commitment to bring financial solutions to the vanguard to the Filipino people.
The firm also stressed that, by collaborating with the main global financial institutions such as Banco Santander, Deutsche Bank, Société Générale and Standard Chartered Bank, it is helping to lead the way to transform international money transfers for the Filipino.
“In Coins.Ph, our priority has always been to empower the Philippines with convenient and reliable financial services … Our Association with Circle in the Payment Net They stand out and their families and their families. ” “
Wei Zhou, Executive Director, Coins.Ph
In addition, Coins.Ph cited the announcement of Circle, which states that the launch of CPN is an important step towards the company’s objective to make money transfers as easy and efficient as sending an email.
Circle in pH
Before this team, the report “State of the USDC economy” of Circle highlighted its key association with Coins.Ph to promote remittances promoted by the USDC in the Philippines.
Meanwhile, last month, the GCASH wallet giant associated with Circle to bring $ USDC to its GCRYPTO platform, allowing its users to receive, store and make transactions with digital dollars.
To promote adoption, GCASH also launched a USDC raffle promotion of 1 million, encouraging users to keep the USDC balances to have the opportunity to win weekly and large awards.
This article is published in Bitpins: Coins.ph joins the circle payments network to improve global remittances for the Filipinos
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